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Tax Credit

First-Time Home Buyer Tax Credit

• Tax Credit is available to buyers who have not owned a principal residence in the last three years.
  
• The maximum credit amount is $7,500.
  
• The credit is available for homes purchased on or after April 9, 2008 and before July 1, 2009.
  
• Single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 qualify for the full tax credit.
  
• The tax credit works like an interest-free loan and must be repaid over a 15-year period.

Complete details on the $7,500 Tax Credit can be found at www.FederalHousingTaxCredit.com